Category Archives: Cryptofinance
The FUSION public chain, which builds on inclusivity and balance in its community, has attracted over 126,000 ETH in a successful crowdsale
Singapore, February 2018 — FUSION, (https://FUSION.org/), the Foundation, that focuses on creating an inclusive cryptofinance platform to solve the barriers hindering the widespread use of blockchain technology in finance, announces today the successful completion of its crowdsale, with over 126,000 ETH (worth 104M USD today) committed by participants. FUSION hit the crowdsale’s cap in the first 24 hours, and has concluded the crowdsale today with an oversubscription of 2.5 times of its hard cap. As per the crowdsale’s unique mechanism, contributions over the cap have been returned to participants. FUSION is creating a system that can connect a variety of tokens, enabling complete financial functionalities that have not yet been explored using blockchain technology.
The FUSION Foundation has a strong commitment to support and foster its community, proven by the success of the new crowdsale mechanism. Nicknamed the “FUSION-type ICO,” this method not only allows everyone who would like to participate to do so but also eliminates Gas Wars and supports a good balance between small and large investors. Some further findings from this crowdsale have been:
- Contributions came from over 7,000 unique addresses (some of which made repeated contributions during the crowdsale).
- An overwhelming response to FUSION’s Community Partners Program, for which more 13,000 people from over 130 countries registered prior to the start of the crowdsale.
The FUSION Foundation aims to make smart contracts really smart, and actually usher in an era of cryptofinance. FUSION is the first public blockchain to provide a tangible solution for all digital currencies, constructing a truly connected financial ecosystem, and helping blockchain progress from a great theory to a practical system.
FUSION addresses the compatibility of cryptofinance, as the FUSION blockchain will support both tokens that already exist, and those that will be issued in the future. By solving pitfalls like this, FUSION allows smart contracts to interact with various parties despite the variety of tokens used to form them. For example, the platform can support applications offering multiple currency risk free loan system, by which users can apply for a loan in one form of token, and pay it back with another.
“We are extremely excited about the success of the FUSION Crowd Sale,” said Dejun Qian, Founder of FUSION, “However, it’s not only the monetary success that matters, but also how that success occurred. FUSION has a strong community backing it, because of the different features our public blockchain offers. Rather than our crowdsale hitting its cap because of a small number of large ‘whales’, we have the support from a community that truly believes in the project we will build, and that’s just as much a success as raising $50 million.”
Founded in 2017, FUSION provides a comprehensive solution for integrating cryptocurrencies that exist today and ones that will be issued in the future by connecting centralized and decentralized organizations, balancing authentication and anonymity, and integrating both on-chain and off-chain data. FUSION utilizes distributed bookkeeping nodes to control various types of tokens’ private keys, and establishes a control and management layer on top of different types of blockchains.
FUSION announces the start of its ICO for a new public blockchain, that will make smart contracts actually smart
FUSION’s inclusive cryptofinance platform aims to solve the issues of scalability, interoperability, and usability in blockchain technology, constructing a truly connected financial ecosystem
Singapore, January 25, 2018 — FUSION, the Foundation providing an inclusive cryptofinance platform to solve the barriers hindering the widespread use of blockchain technology, announces today the start of its ICO for the FSN token. Whereas, many crypto-projects today focus substantially on enhancing current financial institutions, FUSION looks towards the future. FUSION’s public blockchain provides a solution for the interoperability, scalability and usability problems within the various blockchain ecosystems, and makes smart contracts actually smart by advancing or creating technologies, such as private key generation and signature, parallel computing of bookkeeping nodes’ grouping, PoW and PoS consensus. By creating an inclusive system that can connect a variety of tokens in a more efficient manner, FUSION can achieve complete financial functionalities that have not yet been explored using blockchain technology.
In the past, market developments have been centered around distributed markets and centralized organizations, filled with an inherent lack of trust between transacting parties, and an unfair distribution of wealth. However, the blockchain, because of its ability to connect people and markets, ushers us into a new financial age by introducing digitization, intelligence, decentralization, and inclusiveness to the world of the Internet of Values (IoV). The IoV, which is centered around developments in the blockchain space, is still in its very early stages, and because of that suffers from three main obstacles: interoperability, usability, and scalability. Whereas current blockchain projects have tried to overcome these barriers before, no good solution has emerged yet in the industry, until now.
The FUSION public blockchain advances the functionality of traditional finance and offers a suite of features using the FSN token. Unlike other multicoin wallets which are limited to trading between tokens based on the same technology, a crypto wallet based on FUSION will be able to store all different values of tokens. The platform also offers a multi currency risk-free loan system: using smart contracts, by which users can apply for a loan in one form of token, and pay it back with another.
FUSION has created a public chain as the first sustainable solution to the bottlenecks in the IoV, constructing a truly connected financial ecosystem. FUSION’s public blockchain is:
- Inclusive – The public chain integrates the cryptocurrencies that exist today and even those that will come in the future, connecting centralized and decentralized organizations, while at the same time balancing authentication and anonymity.
- Reconstructive – FUSION redefines the way in which values are transferred and the relationships between transacting parties, by supporting all types of financial services.
- Highly scalable – By using a Turing-complete virtual machine and providing the Private Keys Control Service and the token-issuing protocol, it opens a window for society to realize cryptofinance across different blockchains and organizations, creating many possibilities that were previously unimaginable.
The inclusive finance platform empowers developers to create rich applications, connects organizations and data-sources, and updates cryptofinance protocols. Most importantly, FUSION improves the interoperability, scalability, and usability of the blockchain to realize an inclusive crypto-financial platform for the era of the Internet of Values.
“We are entering an exciting new era of ‘Internet of Values’ which promises increased connectivity and inclusiveness,” said Dejun Qian, Founder of FUSION, “However, the benefits of the Internet of Values are currently thwarted by interoperability, scalability and usability issues within the various blockchain ecosystems, all of which combined have hindered this technological progress. FUSION aims to remove these barriers, ushering in an age of a true digital economy.”